Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have earned a consensus rating of “Moderate Buy” from the thirty-four brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.2414.

Several equities research analysts recently weighed in on CMG shares. TD Cowen reiterated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $48.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Truist Financial increased their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Gordon Haskett cut Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CMG. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $25,000. Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill in the second quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $34,000. Evolution Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $34,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $26,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.3%

CMG stock opened at $38.77 on Thursday. The stock’s 50 day simple moving average is $38.37 and its 200 day simple moving average is $38.35. Chipotle Mexican Grill has a 12-month low of $29.75 and a 12-month high of $58.42. The firm has a market cap of $50.49 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.31 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.